Trader Naseem "sniped" TRUMP coin to make a profit of $109 million, and the correlation on the chain raised questions about insider trading

On February 19, according to The Block, a joint investigation by blockchain data platform Bubblemaps and renowned YouTuber Coffeezilla revealed that a trader known as Naseem profited $109 million through "sniping" in the TRUMP token trading. On-chain data shows that Naseem purchased tokens worth $1.09 million within the first second of TRUMP's launch, paying a priority transaction fee of $84,000, and then distributed the funds to at least 9 wallets. Bubblemaps pointed out that while it is impossible to fully prove insider trading, the high degree of correlation between multiple on-chain addresses "cannot be ignored". Naseem denied receiving inside information, claiming that their team predicted the launch time by observing the interactions in the Meteora liquidity pool.